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Issued: 01 December 2011
Open date: 01 December 2011
Close date: 10 February 2012
On the 15 November 2011 the Government’s intention to reform the Private Finance Initiative (PFI) was announced by the Chancellor. The Government intends to conduct a broad based engagement process and is now inviting all interested parties to respond to a call for evidence on the reform of PFI and to bring forward proposals for a new approach to using the private sector in the delivery of public assets and services.
Central to the development of new delivery models are the objectives of achieving long term value for money for the taxpayer, making more effective use of private sector innovation and skills, reducing costs, improving flexibility and increasing transparency. The Government will also be looking to retain the benefits that successful PFI can deliver – in getting projects built to time and to budget and in creating the correct disciplines and incentives on the private sector to manage risk effectively.
The Government’s aim is to balance these objectives in a new approach to the delivery of public facilities that:
The call for evidence document sets out suggested areas of focus for reform, but respondents should not feel constrained by these. Views and evidence are welcomed on other issues that respondents consider are important, including proposals for other delivery models. The deadline for responses is Friday 10 February 2012.
In particular feedback is sought from industry participants with an active role in the delivery and operation of public facilities, from those with an interest in investing in these projects, as well as from across the public sector, academics, think tanks, employees and wider stakeholders.
Treasury would prefer to receive responses in the template provided where practical. Additionally, respondents can also choose to submit separate attachments to this template (eg proposals for alternative delivery models or specific evidence or research in support of statements to the questions contained within the call for evidence document and response template).
Emailed to: PFIevidence@hmtreasury.gsi.gov.uk
Or by post to: PPP Policy team, Room 2/S1, HM Treasury, 1 Horse Guards Road London, SW1A 2HQ
The call for evidence document is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website.
For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
Information provided in response to this call for evidence will be dealt with in accordance with the access to information regimes.
These are primarily the Freedom of Information Act (2000), the Data Protection Act (1998) and the Environmental Information Regulations (2004).
Please note that unless confidentiality is specifically requested, each representation has the potential to be made public.